Transcription of PEMEX’s Business Plan 2017-2021
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PEMEX’s Business Plan 2017-2021
PEMEX s Business plan 2017-2021 Motivation The Business plan hereby presented is somewhat unique for various reasons: On one hand, profitability is its guiding principle. On the other, PEMEX is a Productive State Enterprise (NOC) (regulated prices, supply guarantee, the State s largest tax contributor, its deficit consolidates with the public sector, monopoly with asymmetric regulation, special fiscal regime, limited labor flexibility, among others). This plan is already being implemented, significant and tangible progress has been achieved. The Business plan intends to: society of PEMEX s role in the Energy Reform. investors on PEMEX s current financial situation and outlook. potential partners areas of opportunity to invest in PEMEX. PEMEX s workers of its vision and the path it will follow in the years to come. 2 The Short-term Challenge Adjust cost structure and Business strategy to a low oil price scenario Budget adjustment Austerity measures Fiscal discipline Budget control The Historic Opportunity Use all instruments and flexibility available from the Energy Reform Focus on strategic activities Alliances and joint ventures Operational efficiency and effectiveness Positioning for the Future: Challenge and Opportunity 3 Company FORTUNE
Motivation • The Business Plan hereby presented is somewhat unique for various reasons: • On one hand, profitability is its guiding principle.
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